Part of an risk strategy is to have a mitigation strategy if the controls you put in place to prevent the hazard from occurring don’t work. How do you minimize the impact?
How about a confession seminar?
“Prison-Bound KPMG Ex-Partner Remorseful for Insider Tips,” Wall Street Journal, June 26, 2014 C3 http://on.wsj.com/1o8xvvO Convicted felon makes a few bucks before going to prison (for 14 months) following conviction for insider trading. He’s giving seminars as part of the CLE for CPAs.
What’s your mitigation strategy?